Jim Cramer Says He Kept Waiting for Breaks in Stocks Like Lam Research Which Never Came

Lam Research Corporation (NASDAQ:LRCX) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer mentioned the stock during the episode and said:

Oh, how about the semiconductor capital equipment makers? Oh, did I ever know them well. I’ve been adamant that these companies own a huge amount of intellectual property. They’re the answers to the production needs of the Microns, the Seagates of the world, but did the Trust buy Applied Materials? Did it pick up some Lam Research? Did it even scrutinize KLA, all of which were on the show? No. I kept waiting and waiting for a break in their stocks, a break that never came. I whiffed.

Lam Research Corporation (NASDAQ:LRCX) develops equipment for depositing, etching, and cleaning semiconductor materials. It includes systems for tungsten and copper metallization, plasma and atomic-layer deposition, dielectric and conductor etch, and wafer cleaning. When a caller inquired about the stock during the March 20 episode, Cramer replied:

Oh yeah, yeah, yeah, yeah. I agree. Lam is the winner of what happened in Micron. People didn’t seem to notice. You buy, if you had to buy 100 shares, you buy 50 on Monday, okay? And then you wait, down 10%, and you buy another 50. You’ve got a winner in Lam Research.

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